Income share of the richest 1% before and after tax in Iceland
Iceland: Income share of the richest 1% before and after tax was 4.7% in 2016. ▼ Falling
Income share of the richest 1% before and after tax in Iceland, 1991–2016
Source: World Inequality Database (WID.world) (2026) – with major processing by Our World in Data. Measured in %.
Analysis
The most recent figure for income share of the richest 1% before and after tax in Iceland is 4.7%, measured in 2016.
Compared with earlier readings it is down 14.1% on the previous year and down 21.3% over ten years.
Over the whole period, income share of the richest 1% before and after tax in Iceland peaked at 8.5% in 2002 and was at its lowest, 3.4%, in 2010.
Iceland ranks 108th of 109 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 26 years of available data.
Income share of the richest 1% before and after tax in Iceland, year by year
| Year | % | Change |
|---|---|---|
| 1991 | 6.3% | — |
| 1992 | 6.4% | +0.3% |
| 1993 | 6.2% | -1.9% |
| 1994 | 6.4% | +2.7% |
| 1995 | 6.3% | -1.9% |
| 1996 | 6.3% | +0.2% |
| 1997 | 6.4% | +2.1% |
| 1998 | 6.3% | -2.0% |
| 1999 | 6.2% | -1.1% |
| 2000 | 6.3% | +1.0% |
| 2001 | 7.8% | +23.4% |
| 2002 | 8.5% | +9.7% |
| 2003 | 8.0% | -5.9% |
| 2004 | 6.6% | -18.0% |
| 2005 | 6.3% | -3.3% |
| 2006 | 6.0% | -5.2% |
| 2007 | 8.5% | +40.5% |
| 2008 | 3.8% | -55.4% |
| 2009 | 3.5% | -8.5% |
| 2010 | 3.4% | -0.9% |
| 2011 | 3.6% | +4.1% |
| 2012 | 3.9% | +9.6% |
| 2013 | 5.5% | +39.7% |
| 2014 | 5.1% | -6.1% |
| 2015 | 5.5% | +7.8% |
| 2016 | 4.7% | -14.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.3% | 6.2% | 6.4% | 9 |
| 2000s | 6.5% | 3.5% | 8.5% | 10 |
| 2010s | 4.5% | 3.4% | 5.5% | 7 |
Countries ranked near Iceland
More economy & growth data for Iceland
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.96 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.48 Percent per annum (2029)
- Gross value added at basic prices (GVA) (current US$), annual growth 17.56 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8994 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 88,429 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 9.45 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 115.52 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 11.36 million current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 1.28 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.5382 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is income share of the richest 1% before and after tax in Iceland?
- Income share of the richest 1% before and after tax in Iceland was 4.7% in 2016, according to World Inequality Database (WID.world) (2026) – with major processing by Our World in Data.
- What is the highest income share of the richest 1% before and after tax recorded in Iceland?
- The highest recorded value was 8.5% in 2002.
- What is the lowest income share of the richest 1% before and after tax recorded in Iceland?
- The lowest recorded value was 3.4% in 2010.
- How does Iceland rank for income share of the richest 1% before and after tax?
- Iceland ranks 108th out of 109 countries with data for 2016.
- Is income share of the richest 1% before and after tax rising or falling in Iceland?
- Over the last ten years it is down 21.3%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from World Inequality Database (WID.world) (2026) – with major processing by Our World in Data, published as part of Income share of the richest 1% before and after tax. Statizoid updates them automatically from the source API.
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About this data
Share of income received by the richest 1% of the population. Income here is measured after taxes and benefits.